Beckville, TX is a small town located in Panola County with an estimated population of 756. The cost of living in Beckville is quite affordable compared to many other places in the US. The average 2 bedroom rent in Beckville is $990 whereas the national average for a 2 bedroom rent is $1430. Additionally, the Grocery Cost Index in Beckville is 92 compared to 100 nationally.
The local economy in Beckville is mainly supported by the oil and gas industry as well as agricultural production and retail outlets such as Murray’s Grocery Store, Sass & Sass Tires & Automotive Repair, and J&J Tire Pros. Besides having small businesses that contribute to the local economy, Beckville has some nice amenities that include hiking trails at the nearby Lake Murvaul powered by Baylor Power Plant lake, a swimming pool at the City Park, and various sporting activities at both school facilities and parks within city limits.
Beckville (zip 75631) has an unemployment rate of 8.6%. The US average is 6.0%.
Beckville (zip 75631) has seen the job market increase by 2.2% over the last year. Future job growth over the next ten years is predicted to be 5.3%, which is lower than the US average of 33.5%.
Tax Rates for Beckville (zip 75631)
- The Sales Tax Rate for Beckville (zip 75631) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Beckville (zip 75631) is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Beckville (zip 75631)
- The average income of a Beckville (zip 75631) resident is $25,623 a year. The US average is $28,555 a year.
- The Median household income of a Beckville (zip 75631) resident is $73,512 a year. The US average is $69,021 a year.